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Jan 18, 2013
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the cities deal with the immense problems that get thrust upon them as a consequence of diminished tax bases, as a consequence of housing, a significant portion of the public and the states that are in the most need. we are committed to having a third phase of the so-called big deal in the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop. the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between no
the cities deal with the immense problems that get thrust upon them as a consequence of diminished tax bases, as a consequence of housing, a significant portion of the public and the states that are in the most need. we are committed to having a third phase of the so-called big deal in the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop. the economy in great shape and move toward a balanced budget. it started off in three...
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Jan 14, 2013
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he's right on the tax stuff. on the other stuff it'd be pretty hard for him to make an argument that the american he people voted for gun control or unconditional increases in borrowing. >> megyn: back on the issue of gun control to leave it at this, vice-president biden is going to give recommendations we understand tomorrow to the president, as he's been known to do, put his foot in his mouth a bit on friday when he said the following: . >> we know there's, there's no silver bullet and there's no, as one of my friends said, no seat belt to put on to assure you will not be in this circumstance again. i'm going to be submitting to the president i think a proposal as to how to proceed. i'm shooting for tuesday, hope i can get it done by then. >> megyn: and the hits on the tape how it came to us. the vice-president talking the gun proposal, no silver bullet, but shooting for tuesday, the recommendations. thoughts on that, chris? >> we're grateful to vice-president biden, we're grateful to vice-president biden, all
he's right on the tax stuff. on the other stuff it'd be pretty hard for him to make an argument that the american he people voted for gun control or unconditional increases in borrowing. >> megyn: back on the issue of gun control to leave it at this, vice-president biden is going to give recommendations we understand tomorrow to the president, as he's been known to do, put his foot in his mouth a bit on friday when he said the following: . >> we know there's, there's no silver...
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and then you have conservatives arguing since we have the highest corporate tax rate in the world and the rationale for why that works. live from an economic standpoint that produces more prosperity. what works under ronald reagan, how jack kennedy did it and have it worked. but you don't hear the same argument coming from this administration. they also can't come forward and have an honest discussion about what their objectives are. the increasing prosperity by unleashing the private sector overbearing, not reasonable but overbearing government regulations. we believe there is an unlimited ability for prosperity. the left believes it is a fixed amount. and everybody gets a slice of it. but you don't hear of a left articulating a response to that discussion because what obama wants to do is force the redistribution. and if honest about that, honest about his goals of not equalizing everyone but bringing them down and that is what happens when you try to equalize and come if he were to be honest about that and give a philosophical defense the american people would reject it resoundingl
and then you have conservatives arguing since we have the highest corporate tax rate in the world and the rationale for why that works. live from an economic standpoint that produces more prosperity. what works under ronald reagan, how jack kennedy did it and have it worked. but you don't hear the same argument coming from this administration. they also can't come forward and have an honest discussion about what their objectives are. the increasing prosperity by unleashing the private sector...
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Jan 18, 2013
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on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to support her education initiatives, my budget will propose that we increase income tax by one percentage point, 6.25% to make that increase fair to all according to their ability to pay will propose that we double the personal exemptions for every taxpayer and eliminate a number of itemized deductions. making those changes gives us a tax code that is sent. fair. let me add that these changes are sales income and business tax will be comparable to an competitive with other states in the region and beyond with which we compete. this is what i will prop
on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to...
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Jan 20, 2013
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you've got to fundamentally and totally repair the tax code. these are huge and daunting challenges, but great presidents become great by meeting great challenges. >> you get the american people behind him, but obviously you need congress as well. >> that's right. >> very brief amount of time left. how does he get congress? >> only by making them fearful of a tide of public opinion. he's not going to do it by negotiations, by being nicer, by outreach, because there are such fundamental i'd logical differences between obama and the republican house. as, you know, harry truman was told when he tried to get america to really square off against the communist, the only way you are going to overcome american isolationism is scare them to death. >> all right. with a big stick, right! no more mr. nice guy. >>> we'll be right back in a few minutes. oh, we're going to go to gwen. i apologize. i didn't mean to skip you! they all want to know about the weather tomorrow. >> i know, and you're covering a lot of important information there, great to hear from
you've got to fundamentally and totally repair the tax code. these are huge and daunting challenges, but great presidents become great by meeting great challenges. >> you get the american people behind him, but obviously you need congress as well. >> that's right. >> very brief amount of time left. how does he get congress? >> only by making them fearful of a tide of public opinion. he's not going to do it by negotiations, by being nicer, by outreach, because there are...
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it is the party of lower taxes. but there are a lot of people who are lower down the food chain, the economic chain, also paying lots of taxes relative to their income. and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change there are a lot of things that the american people are expecting and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. everybody wants to talk about who is going to be the candidate you better think first about what's the party actually going to represent? if it's just gonna represent the far right-wing of the political spec trouble, i think the party is in difficulty. i'm aed moderate but i'm still a republican, that's how i was raised. until i voted for mr. obama twice i voted for seven straight republican presidents. >> a couple of other foreign policy matters, what should the force, u.s. force in afghanistan look like after ne
it is the party of lower taxes. but there are a lot of people who are lower down the food chain, the economic chain, also paying lots of taxes relative to their income. and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change there are a lot of things that the american people are expecting and the republican party, as they get ready for the next election, really has to focus on some of these issues and not...
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Jan 19, 2013
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provide a blank check for uncontrolled spending , a rational borrowing, and constant nickel and dime tax increases. the issues that we face today are not an impossible obstacle. they are merely the challenges of our time. we have the guidance of great leaders of the past that have faced tougher challenges than this with grace and dignity like dr. martin luther king jr., who won said the most persistent and urgent question is what are you doing for others? it is a good word for all of us , and a clarion call that should ring in our ears on his birthday weekend. regardless of our differences, all had the same dream or the future of our kids and grand kids. i pray that my children will grow up with your children in a nation that enjoys god lessons and freedom -- god's blessings and freedom. >> later, we will hear from michelle obama at the children's inaugural ball, and we will look at vice president biden volunteering in washington, dc tomorrow, the swearing in of the second term. today is the national day of service, a tradition president obama has taken up since their first day in the wh
provide a blank check for uncontrolled spending , a rational borrowing, and constant nickel and dime tax increases. the issues that we face today are not an impossible obstacle. they are merely the challenges of our time. we have the guidance of great leaders of the past that have faced tougher challenges than this with grace and dignity like dr. martin luther king jr., who won said the most persistent and urgent question is what are you doing for others? it is a good word for all of us , and a...
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sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax system we have, and the tax gap, the money we're not collecting that's theoretically owed is $400 billion a year. we could do better than that, we can think better than that. and the president needs to lay that out for us. >> even if we get more growth, we're still finding it difficult to get unemployment down. elaine cho served as george w. bush's secretary of labor. what would you do to create more jobs in america? >> i think you have to keep the tax rate low, they're a direct burden on the resources of the employer. th
sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax...
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Jan 13, 2013
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that's about 6 billion in tax breaks, and about 6 billion in direct expenditures. we are pursuing a vision of green jobs that makes no sense and that hurts low income americans. we brainwash our children to think that green is good, and think uncritically about green product and green jobs. and yet we can't even define what a green job is. let's start with green jobs. the bureau of labor statistics has five definitions of the three-point 1 million green jobs that it has counted. namely energy from renewable sources, energy efficiency, energy pollution reduction and removal, natural resource conservation, and environmental compliance, education, and training, and public awareness. when i was testifying on capitol hill before the house energy and commerce committee, they had a paper cup in front of me. often they just have a bottle of water, but this time they had a bottle of water and a paper cup. and a paper cup said -- power to save energy on the other side. so since this cup fit the definition of education, training and public awareness, the workers who made it h
that's about 6 billion in tax breaks, and about 6 billion in direct expenditures. we are pursuing a vision of green jobs that makes no sense and that hurts low income americans. we brainwash our children to think that green is good, and think uncritically about green product and green jobs. and yet we can't even define what a green job is. let's start with green jobs. the bureau of labor statistics has five definitions of the three-point 1 million green jobs that it has counted. namely energy...
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Jan 18, 2013
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and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean, they just loaded both of the barrels and came after me also. i was just talking tonight with somebody who worked for me in my congressional office, arlene halpernin. she said the phones never stopped ringing. and that's one of the problems. but as a member of congress you have to understand that people do not call in when they're satisfied. so nine out of ten calls said vote against this. and at that time it was in '93 and we were talking about an omnibus spending bill. it was a deficit reduction bill but of course it was called the tax increase. and there were things in the bill that i liked
and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean,...
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b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become an american citizen. >> what would you say to the republicans who will say, look, they should be deported? >> yes. >> they should never have a path -- >> and you think what you say to them, look what your position got us in this last election. we need to pay attention to demographics. okay? i said we need to be the party of hope and opportunity. not the party of anger and resentment. >> illegal immigration is just one problem with our current system says michael bloomberg, the mayor of new york city and one of america's most successful
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become...
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Jan 15, 2013
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they tax a lot. when you thought the tax by the mile thing was in park, a government study proves washington is revving to go. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> neil: i think this is what they call a hybrid to hell. you bought the gas saver to ease your pai
they tax a lot. when you thought the tax by the mile thing was in park, a government study proves washington is revving to go. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of...
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Jan 19, 2013
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give me the news, and a private efficacy group in support of the health care laws is now hosting a tax section with journalists on the best way to cover the president's health care law, offering what they're calling specialized education in health care reporting. charlie gasperino. >> i can't wait to sign up, dude. (laughter) >> isn't that weird and that anyone would sign up for, i'm sorry we got it wrong. >> any, any journalists that signs up for this should be thrown out of the industry immediately and taking-- i'm trying to take it seriously. it's so stupid it's unbelievable. i'm going to pass this to adam. >> adam, what-- (laughter) >> i'm going to try to explain. part of this they think there's bad report ong this because the reporters don't know what's in the law and they want to give them the straight skinny right from the folks who wrote it. what do you make of that? >> normally, on journalistic issues charlie and i are in lockstep. i disagree with you, if you're a reporter covering the intricacies of this extremely complicated legislation and regulation, you have nothing to lo
give me the news, and a private efficacy group in support of the health care laws is now hosting a tax section with journalists on the best way to cover the president's health care law, offering what they're calling specialized education in health care reporting. charlie gasperino. >> i can't wait to sign up, dude. (laughter) >> isn't that weird and that anyone would sign up for, i'm sorry we got it wrong. >> any, any journalists that signs up for this should be thrown out of...
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i think the main reason that they -- they don't want fica taxes to get so low that people get used to paying an amount that can't fund the social security trust fund. it's odd because of all the things we discussed in the fiscal cliff. >> yeah. >> most of them wish use that might affect economic growth in the future. this was a tax that, according to most people rating it, was worth about 0.8 points of economic growth, and they -- no one talked about it. >> few were talking about it. they were just trying to get to a deal as you're saying there now, dave. now we're seeing this real impact on the paychecks, might there be political backlash from voters for the president or for republicans on this. i almost said the beauty. kind of using the word ironically. the beauty of this issue like this where neither party advocated for it. neither party thinks they can be blamed. >> hurt by it. >> we know what republicans propose in various rounds of fiscal cliff negotiations, and they never proposed an extension to this. they could cynically say, look, and you hear some kind of republican pundit
i think the main reason that they -- they don't want fica taxes to get so low that people get used to paying an amount that can't fund the social security trust fund. it's odd because of all the things we discussed in the fiscal cliff. >> yeah. >> most of them wish use that might affect economic growth in the future. this was a tax that, according to most people rating it, was worth about 0.8 points of economic growth, and they -- no one talked about it. >> few were talking...
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perhaps hiking taxes on the rich is up with of them. but that does not mean we don't do a lick about our debt. not getting a handle on spending wasn't one of them. hearing only one side don't make you a journalist but doing so to ignore the other side makes you charyl top. charlatan. go after the goose, go after the gander. what is a gander? do you know? be fair, balanceed. both sides. have at it. >> dana: hello, i'm dana perino with kimberly guilfoyle, bob beckel, eric bolling, andrea tantaros. it's 5:00 in new york city. this is "the five." ♪ ♪ >> dana: earlier today, president obama held the final press conference of his first term in the east room of the white house. the main attraction, our old friend the debt ceiling. they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires disci
perhaps hiking taxes on the rich is up with of them. but that does not mean we don't do a lick about our debt. not getting a handle on spending wasn't one of them. hearing only one side don't make you a journalist but doing so to ignore the other side makes you charyl top. charlatan. go after the goose, go after the gander. what is a gander? do you know? be fair, balanceed. both sides. have at it. >> dana: hello, i'm dana perino with kimberly guilfoyle, bob beckel, eric bolling, andrea...
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Jan 20, 2013
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tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite because progressive is important to me. i don't want people to pay taxes if they have $20,000 a year worth of income, but at $30,000, i'd like people to pay 1 dollar, just $1.00 so they have a legitimate claim for saying i'm part of the society and i don't pay a lot but i pay something. everybody participates. there's no game playing. it's a very efficient way to pay taxes. right now it costs over $31 million a year to administer it. the tax gap that we theoretically owe is $41 billion a year. we can do better than that. we can think better than that. and the presi
tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite...
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Jan 21, 2013
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we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first time around as a good way to sort of change the system and bring in more revenues at the same time. now it looks like democrats including nancy pelosi say, no way, there is more revenue can come from this wealthy group. one of them is high-profile golfer looking to evade all of this apparently. >> the news broke this morning. talking about phil mickelson. he is california-based and he has had it with taxes. he says he is going to take dr
we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha:...
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Jan 18, 2013
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on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other purpose. to support our education initiative, my budget will propose that we increase the income tax by 1 percentage point to 6 % 25% to make that increase fair to all according to their ability to pay. i will propose that we double the personal exemptions for every taxpayer, and eliminate a number of itemized dedeductions. making those changes gives us a tax code that is simpler and fairer. let me add that with these changes are sales, income, and business taxes will be comparable to and other states in the region beyond with which we compete. th
on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other...
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Jan 20, 2013
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we have seen anything but that really over the fights over the spending cuts and the tax hikes. do you expect this type of relationship, we'll call it that, between the president and congress to continue? >> i do think there will be that antagonism. we have to be realistic about that. i also think there are certain republicans who understand that while the president has to build a legacy, this is also about republican legacy. what kind of party do they want to be in the next four years? do they just want to continue to be the party of the permanent majority in the house, which can obstruct or do they want to focus on how you build towards being a party that can actually win the white house? this is where i think immigration reform comes in. that is a big first step for republicans to show that they understand, especially to the growing latino community, what they need to do in order to bring them in and, frankly, in order to build a path towards winning the white house in 2016 or even beyond. if they don't do that. if they don't focus on trying to figure out a way to get immigra
we have seen anything but that really over the fights over the spending cuts and the tax hikes. do you expect this type of relationship, we'll call it that, between the president and congress to continue? >> i do think there will be that antagonism. we have to be realistic about that. i also think there are certain republicans who understand that while the president has to build a legacy, this is also about republican legacy. what kind of party do they want to be in the next four years?...
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Jan 17, 2013
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ronald reagan raised the debt ceiling when necessary without complaint, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns they're looking at. they're looking at mental health and research, links between violent media. you know, they are looking at more armed school resource officers at schools and providing funding for that. but i think constantly framing it, these are things that just make sense that the majority of americans support. and how can the republicans be so intransigent, not be even willing to discuss or consider any of these measures. >> richard, a month ago we heard the pundits say hand it off to joe biden and you will be involved in a senate committee process and lose all the momentum. well, this president/joe bid
ronald reagan raised the debt ceiling when necessary without complaint, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns...
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Jan 21, 2013
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we started january, 2013, with the biggest tax increase in 20 years, and we have obamacare taxes, 20-some odd of them being phased in, another 500 billion dollars and the president stood up at press conference last week and said, i'm coming for more money and congressional democrats are going to try and help him. >> harris: all right. tom, the president has a speech planned in prime time tonight, that's kind of the pre-address to the big address tomorrow at the inauguration for the public to see and i read in your forbes column today that you said that there's a reason not to watch the president's speech. he's the president. why wouldn't we watch? >> well, i think beyond so help me god, tomorrow's speech isn't going be to be able to telegraph to those 23 million americans who are still out of work that this -- that this administration really cares about pro growth policy. if your a going to double down on spending and you're going to double down on increasing taxation and ultimately expand the box of the people who are going to be paying for this government, you're not going to be hel
we started january, 2013, with the biggest tax increase in 20 years, and we have obamacare taxes, 20-some odd of them being phased in, another 500 billion dollars and the president stood up at press conference last week and said, i'm coming for more money and congressional democrats are going to try and help him. >> harris: all right. tom, the president has a speech planned in prime time tonight, that's kind of the pre-address to the big address tomorrow at the inauguration for the public...
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we could have had a speech today for 40 minutes on retrenchment, what programs we can cut or what taxes we can cut. that's not his line of country, and i don't think he benefits from that. as the congressman said, from a continuous conversation about how we can cut the government. what kind of a presidency would that be for the next four years. he has to get back to talking about the areas where we can get something done like immigration, tax reform. even the immigration parts that brings in all sorts of people. but he also has at deep seated opposition to war which i think is refreshing from the previous administration. >> chris -- >> i think that's the vice president just shaking hands with al roker of the "today" show. >> he's done it. >> i didn't see al. >> tamron? >> i love it. maybe he could have got us a really good get there. >> we're not very far from -- we're just past the white house, and they were still out of the vehicle, and i have to tell you, rachel, at one point we witnessed the first lady with a literal bounce in her step. they are soaking this in and really enjoying t
we could have had a speech today for 40 minutes on retrenchment, what programs we can cut or what taxes we can cut. that's not his line of country, and i don't think he benefits from that. as the congressman said, from a continuous conversation about how we can cut the government. what kind of a presidency would that be for the next four years. he has to get back to talking about the areas where we can get something done like immigration, tax reform. even the immigration parts that brings in...
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republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country focuses on. he doesn't necessarily get to choose the results. he gets to choose what the country focuses on so we'll see. this is a big test for him to pick his priorities. >> that's why tomorrow becomes crucial. we'll learn a lot tomorrow. >> coming up, a rare look at a room inside the nation's capitol, a room that only a few people have ever seen. wow. would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutr
republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country...
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government spend aka taxes. part of the heritage foundation's definition of economic freedom is the ability to invest your money however you want and hold on to your money. limited government was always one of the factors in the study. still very, very strong with protectionism is an issue the united states is facing. they are competitive in the global economic environment. it's not just about the u.s. any more. it's a very global marketplace we need to remain competitive. the rankings show we are slipping behind a little bit. we are still topping the world still a top ten but it's a struggling environment for us right now. >> barely top 10. sandra smith, fox business networks. 25 after the hour. still to come obama care was supposed to cut costs for healthcare to all. now we are finding another hidden fee that insurance companies will be charging you to pay for someone else. plus a teacher is told to remove a ronald reagan quote from her classroom because it could be offensive to her students. we will explain.
government spend aka taxes. part of the heritage foundation's definition of economic freedom is the ability to invest your money however you want and hold on to your money. limited government was always one of the factors in the study. still very, very strong with protectionism is an issue the united states is facing. they are competitive in the global economic environment. it's not just about the u.s. any more. it's a very global marketplace we need to remain competitive. the rankings show we...
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to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes are collected. >> the purchase is accepted opening this possible loophole. advise half a million gallons of jet fuel every day at o'hare airports. most of the fuel transactions are negotiated through united chicago headquarters. it alleges an airline subsidiary opened a small office in sick more. we have video provided by the rta. you get a tax kickback from the town saves a few hundred million. the only reason the fuels had the office in sick more is to create a sham packed for fuel rather than lower tax jurisdiction. in a statement united airlines says it h
to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes...
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because there is a large transfer of wealth in tax dollars from the north down to the south. so why they would want to mess with that arrangement is beyond me. >> professor michael eric dyson and ryan grim whose office enjoys watching our broadcast even as he speaks to us, thanks very much. much more ahead. but first sue herrera has the market wrap. >> good afternoon. here's a look how today wall street finished the trading session. it snapped a winning streak. and the dow finishes the trading session on the downside by about 24 points or so. the standard & poor's fractionally higher by a quarter of a point. and the nasdaq up about seven points on the trading session. that's it from cnbc. we are first in business worldwide. martin is back after a very quick break. ♪ ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get marr
because there is a large transfer of wealth in tax dollars from the north down to the south. so why they would want to mess with that arrangement is beyond me. >> professor michael eric dyson and ryan grim whose office enjoys watching our broadcast even as he speaks to us, thanks very much. much more ahead. but first sue herrera has the market wrap. >> good afternoon. here's a look how today wall street finished the trading session. it snapped a winning streak. and the dow finishes...
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the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on the hurricane, that was a very bipartisan deal in the senate and the notion that we were going to peel off a few, that shouldn't be partisan at all. after spending, i agree. here's the problem. the biggest increase in spending in the last, in this century has been a military spending. unpaid for in iraq, an unnecessary war. afghanistan, military spending else where. i very much want to cut spending but people who want to exempt the military from spending cuts. >> you have to have the last word on that. >> every penny to the pentagon and every penny the government spends, we still borrow $300 billion a
the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on...
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he did allude to rewriting the tax code. something that perhaps democrats and republicans have been talking about doing. two very different approaches on how to do that. there is a sense of togetherness, neil, that tends to go away when you get back into governing. now, that continues to roll into governing the country. it is not easy. neil: it is very clear that this president has the support of the american people, although, his popularity is not as high as many who come into their second term. george bush had a higher approval rating. certainly, dwight eisenhower did. richard nixon did. we are reminded, it is rare that it goes up markedly from there. it usually stays or goes down. what do you hear he will do to keep that capital going? >> back capital, as you say, tends to go, depending on how the country goes. if the economy is improving, the president will take a measure of credit for that. he has shown some willingness, at least, in some areas to compromise. the problem is much of the same themes you are still hearing
he did allude to rewriting the tax code. something that perhaps democrats and republicans have been talking about doing. two very different approaches on how to do that. there is a sense of togetherness, neil, that tends to go away when you get back into governing. now, that continues to roll into governing the country. it is not easy. neil: it is very clear that this president has the support of the american people, although, his popularity is not as high as many who come into their second...
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to work hard and raise children and pay taxes without having a vote in congress. director katherine bigelow's film zero dark 30 glorifies torture. she said she is a pacifist and supports protests against torture, but writes i do wonder if some of the sentiment expressed about the film might be more appropriately directed as those who institute and ordered these u.s. policies as opposed to a motion picture that brings the story to the screen. those are things we thought you should know. time now for the gut check. the president called for sweeping new legislation to curb gun violence and ask lawmakers to take the next step. >> to make a real and lasting dnchs, congress too must act and act soon. >> i'm calling to ask proposals right away. >> what does your gut tell you? will republicans give any support to the president's proposa proposals? go to facebook.com/"news nation" and we will have the results tomorrow. that does it for this erkz additi edition of "news nation." the cycle is up next. [ male announcer ] at scottrade, you won't just find us online, you'll als
to work hard and raise children and pay taxes without having a vote in congress. director katherine bigelow's film zero dark 30 glorifies torture. she said she is a pacifist and supports protests against torture, but writes i do wonder if some of the sentiment expressed about the film might be more appropriately directed as those who institute and ordered these u.s. policies as opposed to a motion picture that brings the story to the screen. those are things we thought you should know. time now...
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from 50,000 on down, 60,000 on down, why not tax us? he just tax the people that are higher? host: thank you for the call. let me use this point -- we are not focusing as much on budgets and taxes, but these are tougher economic times and this is something these committees have taken into account? guest: that was the driver behind scaling down from 10 balls to two. george bush in his second inauguration also had 10. that is where the standard was. that has been cut way back. there will be a concert on the national mall with bruce springsteen. there have been efforts not to overspend and there is a willingness to acknowledge that so many americans are having a tough economic times. host: tony, who morning. thank you for calling in. caller: thank you. i want to know, white people started all the money stuff. this president, why is he getting slammed on and all this stuff? i am a black man, he is our president. support him. host: thank you for the call. comments? guest: he makes a good point. these festivities, it is really more about the office of the presidency and it is a cha
from 50,000 on down, 60,000 on down, why not tax us? he just tax the people that are higher? host: thank you for the call. let me use this point -- we are not focusing as much on budgets and taxes, but these are tougher economic times and this is something these committees have taken into account? guest: that was the driver behind scaling down from 10 balls to two. george bush in his second inauguration also had 10. that is where the standard was. that has been cut way back. there will be a...
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thinkshis governnt should do more to help the elderly and the vulnerable and less to help millionaires with tax cuts? >> as i just said, we are doing more to help elderly and the vulnerable. a record state increase, bigger than what the party opposite would have done keeping cold weather payments at the higher level that the last government only introduced before the election. keeping our promise on winter fuel payments, taking all of those steps and making sure, again, something never done by the party opposite that energy companies will have to put people on the lowest tariffs. that is a record we can be proud of. >> steve basic. >> mr. speaker -- [inaudible] my constituency is enb during a hideous regulatory fast thanks to the health and safety executive and the european union. the british economy is very reliant on smallnd medium businesses far less able to cope with bad regulation particularly when it's badly administer inside the u.k. >> my honorable friend is absolutely right. businesses large andsml are complaining about the burden of regulation. not just the burden of regular ration fr
thinkshis governnt should do more to help the elderly and the vulnerable and less to help millionaires with tax cuts? >> as i just said, we are doing more to help elderly and the vulnerable. a record state increase, bigger than what the party opposite would have done keeping cold weather payments at the higher level that the last government only introduced before the election. keeping our promise on winter fuel payments, taking all of those steps and making sure, again, something never...
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this is the same crew that were saying they would never see taxes go up. we don't need every member in a republican party. we need 218 votes in the house for a reasonable package. and, you know, you have to watch for people to do, not just what they say. in the u.s. capitol, you can't walk in here with a grun. you can't walk in here with an assault weapon. over in the supreme court which says you have this unlimited right to have a gun, you can't walk in there with a gun. why should people walk sbhinto schools or movie theaters? that congress should provide for the american public. we know that guns can be dangerous in the wrong hands. that's why we have all of the rules and regulations and the security protections here. and we need to make sure that in our day care centers and our communities, we provide a better safety environment for our kirn. >> now, rooiyan, it seems like e republ lip cans, and i noticed the congressman said we don't need them all, some republicans do sound like they are more open to possible gun legislation more than some of the far
this is the same crew that were saying they would never see taxes go up. we don't need every member in a republican party. we need 218 votes in the house for a reasonable package. and, you know, you have to watch for people to do, not just what they say. in the u.s. capitol, you can't walk in here with a grun. you can't walk in here with an assault weapon. over in the supreme court which says you have this unlimited right to have a gun, you can't walk in there with a gun. why should people walk...
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. >> there is a lot of hard earned tax money going for unfortunately theater security. >> reporter: they are still going to useful body scanners that create generic images but they point out that travelers can opt out of the body scan with a pat down if they prefer. >> heather: you are really disappointed. >> gregg: it's my only attempt at exhibitionism, little joys in life. all right. >> heather: pricy body scanners that gregg loves is request matter of questionable government spending as president obama prepares for his second term has a lot of work ahead of him to cut wasteful spending and bring the debt under control. a new fox poll finds more than eight out of ten americans believe government spending is out of control. so what can we expect to see in the next four years. let's written bri in jamie whining o weinstein. so eight out of ten americans say we spend too much but up from 2010, 62% from 2009, regardless people think we spend too much. if you break that apart further, almost all republicans and independents and two-thirds of democrats they all agree, government spending is
. >> there is a lot of hard earned tax money going for unfortunately theater security. >> reporter: they are still going to useful body scanners that create generic images but they point out that travelers can opt out of the body scan with a pat down if they prefer. >> heather: you are really disappointed. >> gregg: it's my only attempt at exhibitionism, little joys in life. all right. >> heather: pricy body scanners that gregg loves is request matter of...
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as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did that. president reagan did that. it is more of a model that reagan used. you will see him apply that to all of the issues in the pipeline. host: let me go back to something the president said in his address today. he talked about life, liberty, and the pursuit of happiness. in terms of the tactics of moving ahead on the guns agenda, we also heard the president last week talking about the inalienable rights of the average american, and that includes protecting our children. you can see a different twist on the constitut
as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did...
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with h&r block's second look, there's a lot of messed-up tax returns out there. people bring in old tax returns, and i'm like, "who did this to you?" you have a return. bring it in; i'll look at it for free. i'll go back three years. i'm going to get you every single deduction out there. get your free second look from h&r block now. >>> first lady, michelle obama, some shots from the last four years and her fashion wardrobe and the causes she has championed. she will continue to shape her legacy. here to discuss her influence and where that legacy may go, "new york times" correspondent and author of "the obama" jody cantor and it seems since the campaign trail in 2008, when we talk about michelle obama, for some reason, it seems to revert to fashion or what she is wearing or what she did with her hair. >> she has become almost a one-woman stimulus package for the american fashion industry. we haven't had a first lady since jacqueline kennedy who had such a following. she mixes the high and the low. she loves j. crew and the gap as much as she does narcico rodriguez. >> how important is
with h&r block's second look, there's a lot of messed-up tax returns out there. people bring in old tax returns, and i'm like, "who did this to you?" you have a return. bring it in; i'll look at it for free. i'll go back three years. i'm going to get you every single deduction out there. get your free second look from h&r block now. >>> first lady, michelle obama, some shots from the last four years and her fashion wardrobe and the causes she has championed. she will...
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higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff deal. but whatever happened to comprehensive tax reform? >> the irs tax code is still a nightmare. it's too complex, too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than $1 trillion a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea, but now that we have resolved the revenue issue, tax reform ought to be revenue neutral, as it was
higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. >>> the parade has begun. it is moving down pennsylvania avenue. there are marching bands. there are a lot of floats. there's a lot of people who are celebrating this day. an important day in american history. the inauguration of president obama for the second time. kate bolduan is watching what's going on, jeffrey toobin with me as well. once they get to the reviewing stand, they will be saluting all of these participants, and there are a lot of them, who have come to washington from all over the country. >>cy actually read there were twice as m
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of...